Fly Leasing (FLY) Misses Q1 EPS by 3c

Fly Leasing (NYSE: FLY) reported Q1 EPS of $0.47, $0.03 worse than the analyst estimate of $0.50. Revenue for the quarter came in at $81.2 million versus the consensus estimate of $92.73 million.

At March 31, 2016, FLY's total assets were $3.2 billion, including an investment in flight equipment totaling $2.7 billion. Investment in flight equipment includes $84.6 million of net maintenance right assets. Cash and cash equivalents at March 31, 2016 totaled $428.1 million, of which $329.3 million was unrestricted. In addition, FLY had twelve unencumbered aircraft with an aggregate net book value of $610.2 million at March 31, 2016. The book value per share at March 31, 2016 was $18.83.

For earnings history and earnings-related data on Fly Leasing (FLY) click here.

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